Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Wednesday) it has signed a Memorandum of Understanding (MOU) with the People's Government of Shandong Province (Shandong Government) to strengthen cooperation and to support listings of companies from Shandong on Hong Kong’s equities market.
Under the MOU, HKEX and the Shandong Government will exchange information on the latest developments in the capital markets of Hong Kong and Shandong, as well as to jointly host seminars for Shandong-based organisations on capital raising opportunities in the region.
The MOU was jointly signed by Zhou Jiannan, HKEX's Head of Mainland Business; and Song Junji, Vice Governor of Shandong Province, at a ceremony in HKEX Connect Hall.
Bonnie Y Chan, HKEX Chief Executive Officer; Lin Wu, Secretary of the Shandong Provincial Party Committee and Director of the Standing Committee of the Provincial People's Congress; and Fan Bo, Member of the Standing Committee of the Provincial Party Committee and Secretary-General witnessed the signing.
Shandong, a major economic powerhouse in eastern China, has in recent years been actively promoting the development of emerging industries, such as agricultural and food technology as well as biotech. As of the end of April, 55 Shandong-based companies were listed on the Main Board of HKEX, with total funds raised at over $72 billion.
HKEX's Head of Mainland Business Zhou Jiannan (seated right), and Vice Governor of Shandong Province Song Junji (seated left), signed an MOU at a ceremony witnessed by HKEX Chief Executive Officer Bonnie Y Chan (first from right in the standing line), Secretary of the Shandong Provincial Party Committee and Director of the Standing Committee of the Provincial People's Congress Lin Wu (second from right in the standing line), Member of the Standing Committee of the Provincial Party Committee and Secretary-General Fan Bo (first from left in the standing line), witnessed the signing.
